Wells Fargo & Company MN Grows Position in Dominion Energy, Inc. (NYSE:D)

Wells Fargo & Company MN grew its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,260,339 shares of the utilities provider's stock after buying an additional 4,852 shares during the period. Wells Fargo & Company MN owned 0.51% of Dominion Energy worth $229,462,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Simon Quick Advisors LLC increased its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after buying an additional 184 shares during the period. Choate Investment Advisors boosted its holdings in shares of Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after acquiring an additional 198 shares in the last quarter. Passumpsic Savings Bank increased its stake in shares of Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after acquiring an additional 199 shares during the period. Meridian Financial Partners LLC raised its holdings in Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock worth $752,000 after purchasing an additional 219 shares in the last quarter. Finally, Register Financial Advisors LLC lifted its position in Dominion Energy by 5.8% in the fourth quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider's stock valued at $232,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday. Finally, Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $57.00.

Dominion Energy Price Performance

Dominion Energy stock traded up $0.74 during mid-day trading on Friday, hitting $52.67. 5,152,819 shares of the company were exchanged, compared to its average volume of 4,318,552. Dominion Energy, Inc. has a 12-month low of $46.62 and a 12-month high of $61.97. The company has a market capitalization of $44.89 billion, a P/E ratio of 19.51, a PEG ratio of 1.22 and a beta of 0.57. The business's 50 day simple moving average is $54.74 and its two-hundred day simple moving average is $55.81. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.07%. Dominion Energy's payout ratio is currently 98.89%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.